You purchase a piece of real property for $150,000. You put down $15,000 cash toward the purchase of the home, and you get a loan for the remainder of the purchase price. After five years, the property appreciates in value. After an appraisal, you determine that the property is now worth $185,000. Approximately how much equity do you now have in the home? You purchase a piece of real property for $150,000. You put down $15,000 cash toward the purchase of the home, and you get a loan for the remainder of the purchase price. After five years, the property appreciates in value. After an appraisal, you determine that the property is now worth $185,000. Approximately how much equity do you now have in the home?

A. $10,000
B. $20,000
C. $30,000
D. $50,000